Financial advisors. Paid judgement about the future.
It is a service someone performs.
It exists to relieve Retirement is now visible and must be funded from what remains. That is the whole reason it is here: nothing enters this map without a human problem behind it.
It could not exist without Financial regulator. These are the quiet preconditions — remove any one and the solution stops working.
Solving that problem created new ones: The advisor is paid by someone other than the client. Follow those and you find the next generation of products built on top of this one.
13 organisations in this map sell it, 10 of them publicly listed.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
The line back to a human being
2 hops from a person at a phase of life. The further a thing sits from the person, the more abstract it looks — and the more it tends to be mistaken for something that came from nowhere.
- SolutionFinancial advisors
- FrictionRetirement is now visible and must be funded from what remains
- Life phaseMidlife
- Rooted inScarce resources
- Rooted inUncertainty
Relieves
Created these new problems
Second-order frictions. This is where most of the modern economy actually lives.
Requires
Who sells it
| Organisation | Value | Type | Products |
|---|---|---|---|
| Bank of America | $350B | public · BAC | mortgages, credit cards, Merrill wealth management |
| Morgan Stanley | $240B | public · MS | wealth management, E*TRADE, investment banking |
| Goldman Sachs | $230B | public · GS | investment banking, asset management, Marcus |
| HSBC | $220B | public · HSBA | retail banking, mortgages, wealth in Asia |
| Royal Bank of Canada | $190B | public · RY | mortgages, wealth management, City National |
| UBS | $110B | public · UBSG | wealth management, Credit Suisse integration |
| Ameriprise Financial | $50B | public · AMP | financial advisors, annuities |
| Raymond James | $32B | public · RJF | wealth management |
| LPL Financial | $30B | public · LPLA | independent advisor platform |
| Primerica | $9B | public · PRI | term life sold by agents to middle-income families |
| Northwestern Mutual | mutual | whole and term life, disability, long-term care | |
| Vanguard | mutual | index funds, target-date funds, 529 plans | |
| Edward Jones | private | branch-based financial advice, IRAs, 529 plans |